Act 60 provides PEFs with several tax incentives, including a 4% fixed income tax rate and a 100% tax exemption on interest, dividends, and capital gains.
“Employers should know that the U.S. Department of Labor takes misclassifying employees as independent contractors very seriously. Attempts to avoid complying with the law will be met with litigation to ensure that workers receive the wages they’re owed.”
— Jeffrey S. Rogoff, regional solicitor, U.S. Labor Department